The "Chondroitin Sulfate Market by Application and Geography - Forecast and Analysis 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The demand for dietary supplements has increased significantly over recent years. This is due to the increasing costs of hospitalization, the growing working population, and changing lifestyles. The availability of dietary supplements in the form of tablets, edible bars, shakes, and drinks have further increased their demand. These supplements are quite effective in lowering various health problems such as arthritis and osteoporosis. For instance, regular intake of dietary supplements such as chondroitin sulfate improves joint function and reduces the progression of osteoarthritis. This demand for dietary supplements will lead to the expansion of the global chondroitin sulfate market at a CAGR of almost 3% during the forecast period.
Introduction of non-animal based CS
Several players in the market are focusing on manufacturing chondroitin sulfate, naturally. These developments are providing vegan alternatives for people with dietary and religious restrictions. Many players are also working on reducing the protein content and over-sulfated saccharides in chondroitin sulfate products. These products will be made suitable for dietary supplements, beverages, and other conventional foods. Hence, the advent of non-animal-based chondroitin sulfate products is expected to have a positive impact on the growth of the market.
This chondroitin sulfate market analysis covers sales from nutraceuticals, pharmaceuticals, animal feed, and personal care applications. The study also reviews sales of chondroitin sulfate in APAC, Europe, MEA, North America, and South America. In 2019, the nutraceuticals segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the rising adoption of a healthy diet in food and the increasing awareness about the importance of maintaining a healthy lifestyle will play a significant role in the nutraceuticals segment to maintain its market position. Also, the global chondroitin sulfate market report looks at factors such as growing prevalence of OA, growing demand for dietary supplements, and rising demand for cosmetics and personal care products. However, stringent government regulations, the threat of substitutes, and side effects of CS may hamper the growth of the chondroitin sulfate industry over the forecast period. Competitive LandscapeWith the presence of several major players, the global chondroitin sulfate market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading chondroitin sulfate manufacturers, that include Aoxing Biotechnology Intl Co. Ltd., BeiJing Geyuantianrun Bio-tech Co. Ltd., BRF SA, Jiaxing Hengjie Biopharmaceutical Co. Ltd., Meitek Technology (Qingdao) Co. Ltd., Pacific Rainbow International Inc., Seikagaku Corp., Shandong Focuschem Biotech Co. Ltd., Solabia Group, and TSI Group Ltd.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORTPART 03: MARKET LANDSCAPE- Market ecosystem
- Market characteristics
- Value Chain Analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market Outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Nutraceuticals - Market size and forecast 2019-2024
- Pharmaceuticals - Market size and forecast 2019-2024
- Animal feed - Market size and forecast 2019-2024
- Personal care - Market size and forecast 2019-2024
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGESPART 11: MARKET TRENDS- Growing geriatric population
- Growing prevalence of CS in nutricosmetics
- Introduction of non-animal-based CS
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
Companies Mentioned
- Aoxing Biotechnology Intl Co. Ltd.
- BeiJing Geyuantianrun Bio-tech Co. Ltd.
- BRF SA
- Jiaxing Hengjie Biopharmaceutical Co. Ltd.
- Meitek Technology (Qingdao) Co. Ltd.
- Pacific Rainbow International Inc.
- Seikagaku Corp.
- Shandong Focuschem Biotech Co. Ltd.
- Solabia Group
- TSI Group Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/q77z49
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